Nibe Shares Jump 6.75% After Rs 292.7-Crore Indian Army Order

Shares of Nibe Ltd rallied 6.75% to touch a day’s high of Rs 1,345 on 5th January, after the firm said on Friday, 2nd January, that it had received an order worth Rs 292.69 crore from the Indian Army.

The order covers the manufacturing and supply of ground equipment, accessories, ESP, and ammunition. It is for a universal rocket launcher system that can fire multiple rocket types. Notably, this includes long-range variants with strike capability of up to 150 km and 300 km.

The contract will be executed within 12 months. Under the terms, Nibe must provide a performance-cum-warranty bank guarantee equal to 10% of the total contract value. This includes taxes and duties, which must be within 30 days of signing the agreement.

The company clarified that its promoter, promoter group, or group companies have no interest in the entity that awarded the contract.

In May 2025, Nibe also secured an order from a leading Israeli OEM. They are to manufacture and supply universal rocket launchers with a range of up to 300 km.

At 1:13 PM, shares of Nibe were trading 5.04% higher at Rs 1,299.10 on NSE.

Tradz by EquityPandit leverages advanced AI technology to provide you with powerful market predictions and actionable stock scans. Download the app today and 10x your trading & investing journey!

The post Nibe Shares Jump 6.75% After Rs 292.7-Crore Indian Army Order appeared first on Equitypandit.